Demand for Physical Metal Extraordinary-James Turk

Gold expert James Turk is not worried about the recent sell-off in precious metals. He says, “At this level, we’ve probably gone as low as we possibly can. The paper traders and the derivative traders have pushed it about as far as they can, but the demand for physical metal is extraordinary down here at these levels.” Turk goes on to predict, “Within 12 months, gold is going to make a new record high over $2,000 an ounce, and silver is going to double. . . . It could happen sooner depending on how events unfold.” Don’t think you can hide in cash in a bank because Turk contends, “It’s inevitable you are going to see bail-ins as we go forward from here because the capital just doesn’t exist.” Turk points out, “The problems we’ve been confronting the past several years haven’t gone away . . . governments have been trying to buy time, but they aren’t coming up with any solutions.” Join Greg Hunter as he goes One-on-One with James Turk of GoldMoney.com from the UK.